Jakarta (ANTARA) - The Director of the Indonesia Clearing House\n(ICH), Yugieandy Tirta Saputra, has ensured that the institution has met\nall global-standard clearing house requirements.<\/p>\n
\u201cAs a clearing house, ICH\u2019s operational activities have met all\nglobal standards, allowing all supervisory functions to operate\neffectively and maximising customer protection functions. This is also\nevidenced by the ISO 27001 certification for Information Security\nManagement Systems (ISMS) held by ICH,\u201d Yugieandy stated in an official\nbriefing in Jakarta on Monday.<\/p>\n
ICH is currently overseen by three regulators: the Commodity Futures\nTrading Regulatory Agency (Bappebti), Bank Indonesia (BI), and the\nFinancial Services Authority (OJK). Bappebti serves as the supervisor\nfor physical commodity trading and commodity-based derivatives; BI\noversees Money Market and Foreign Exchange (PUVA) derivatives; and OJK\nregulates securities-based derivatives.<\/p>\n
ICH stated that one of its specialised functions in commodity futures\nand derivatives trading is to maintain market transparency and integrity\nby ensuring all transactions are accurately recorded and free from price\nmanipulation or harmful actions. This function is carried out to\nmaintain public trust in the market.<\/p>\n
Currently, the institution serves as the clearing house for\ntransactions occurring on the Indonesia Commodity & Derivatives\nExchange (ICDX).<\/p>\n
In its operations, Yugieandy added, ICH provides a platform known as\nClearing Info of Trade (e-CITRA), which the public can use to track\ntheir transactions being processed by ICH. Through this platform, users\ncan view transaction data up to 90 days prior.<\/p>\n
\u201cThe existence of this platform also makes it easier for customers to\nvalidate the accuracy of the transactions they report,\u201d he said.<\/p>\n
Yoyok Prasetyo, Dean of the Faculty of Economics and Business at\nUniversitas Islam Nusantara Bandung, noted that the presence of a\nclearing house within the commodity futures and derivatives trading\necosystem plays a vital role, particularly regarding public\nprotection.<\/p>\n
As an institution responsible for transaction guarantees and\nsettlements, Yoyok stated that ICH is tasked with ensuring that\ntransactions within the commodity and derivatives ecosystem comply with\nexisting regulations.<\/p>\n
\u201cIn the investment world, the aspect of public\nprotection\u2014specifically for customers or investors\u2014is a primary pillar.\nProtecting the public builds trust, which ultimately supports the growth\nof the investment landscape in Indonesia,\u201d he said.<\/p>\n
\u201cThis also presents a challenge for clearing houses to continuously\nmaintain integrity and transparency, not only for public protection but\nalso on a broader scale to support investment growth in Indonesia,\u201d\nYoyok added.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ich-ensures-compliance-with-global-clearing-house-standards-1780905604", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }